Abstract Exchange rate is an important lever for regulating international trade and has an important impact on a country's capital balance and foreign trade. In recent years, my country's economic development has become increasingly dependent on international trade. This makes the changes in the RMB exchange rate also have a collateral impact on my country's economic development. This article analyzes the impact of changes in the RMB exchange rate on my country's economy, in order to strengthen the macro-control of my country's economic development and better meet the needs of social development.
Keywords RMB; exchange rate changes; economic impact
my country’s economic development has a direct impact on my country’s international competitiveness and comprehensive national strength, and is the focus of economists’ attention Question, at present, my country's market economy is constantly improving and has been integrated into the development process of the world market economy. As my country's degree of opening up to the outside world continues to increase, its role in the development of the world economy has become more and more significant. As a domestic and foreign The RMB exchange rate, which is an economic link, has also attracted more and more people's attention and attention.
1. The impact of changes in the RMB exchange rate on my country's economic development
(1) Price level
The impact of the fluctuation of the RMB exchange rate on my country's import and export trade At the same time, it will also affect my country's price level. Observing imported consumer goods and materials, we can see that once the RMB exchange rate drops, it will cause the domestic price of imported goods to rise, which will increase the demand for domestic goods in our country. Moreover, once the RMB exchange rate drops, our domestic market supply will be less than demand, which can easily increase prices in the domestic market. An increase in the RMB exchange rate will suppress the prices of imported goods.
(2) Advance